Nifty EOD Analysis for 29 Nov

  • As discussed in last analysis  Now bulls need a close above 12115 for the up move to continue till 12167/12225. Bears have there change below 11999 for a move back to 11930/11881. 12155 done now traders should watch for 12167 sustained above it we can see rally towards 12225/12300. Bears will get active below 12088 for a move back to 12020/11950.

  • Total Future & Option trading volume at 24 Lakh core with total contract traded at 1.97 lakh , PCR @0.48
  • Nifty Dec Future Open Interest Volume is at 1.42 Lakh core with addition of 29 Lakh with decrease in cost of carry suggesting long position were added today, NF Rollover cost @12132 closed above it.

 

  • 12200 CE is having Highest OI at 9.2  Lakh, resistance at 12200 followed by 12300 .11900-12300 CE added 21 Lakh in OI so bears added position in range of 12000-12200.
  • 12000 PE OI@20 Lakhs having the highest OI strong support at 12000 followed by 11900 . 11900-12300 PE added  36 Lakh in OI so bulls added position in range 11900-12000.
  • FII’s bought 1008 cores and DII’s sold 155 cores in cash segment.INR closed at 71.69

Buy Above 12175 Tgt 12195,12225 and 12250 (Nifty Spot Levels)

Sell Below 12132 Tgt 12115,12100 and 12078 (Nifty Spot Levels)

Leave a Reply